Owens Corning
-1.61 %
15.29 %
Yet to be announced
Company Overview
Owens Corning manufactures and markets insulation, roofing, and fiberglass composite materials. It operates in three segments: Composites, Insulation, and Roofing. The Composites segment manufactures, fabricates, and sells glass reinforcements in the form of fiber. The Insulation segment manufactures and sells insulation products for residential, commercial, industrial, and other markets.
Revenue Sources
PassBased on review of Owens Corning's SEC filings and financial statements, the company's revenue comes primarily from building materials, insulation products, and composites. None of these core business activities involve haram products or services. The company does not derive material revenue from gambling, alcohol, tobacco, pork products, or other prohibited items.
Reliance on Interest
Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
---|---|---|---|---|---|---|
Sept. 30, 2024 | $3.05b | $2.61b | - | $70.0m | 0.00% | 2.69% |
June 30, 2024 | $2.79b | $2.4b | - | $64.0m | 0.00% | 2.67% |
March 31, 2024 | $2.3b | $1.91b | - | $17.0m | 0.00% | 0.89% |
Dec. 31, 2023 | $2.3b | $1.99b | - | $14.0m | 0.00% | 0.70% |
Over the past four quarters, the company's interest expense ratios were consistently between 0.7% and 2.7% of total expenses. While present, these levels of interest expense are not considered material to the company's core operations and fall within acceptable limits.
Operational Ethics
PassBased on review of public information and company disclosures, there is no evidence of significant ongoing associations with entities involved in human rights violations. The company operates globally but maintains standard business operations without controversial partnerships.
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